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25 Melrose St

Kerry D'Ambroise Acquires Multifamily Property On Melrose St In Boston
SOLDMultiFamily

Kerry D'Ambroise Acquires Multifamily Property On Melrose St In Boston

25 Melrose St

$2,000,000

$800/SF

Building Size

2,500 SF

Asset Type

MultiFamily

Closing

Mar 30, 2023

AI

The multifamily property located at 25 Melrose St in Boston, MA was recently sold for a price of $2,000,000. The property spans approximately 2,500 square feet, resulting in a price per square foot of $800.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000
  • Square Footage: 2,500
  • Price per Square Foot: $800
  • Address: 25 Melrose St, Boston, MA
  • Market: Boston, MA

Kerry D'Ambroise from Columbus and Over Group, LLC represented the buyer in this transaction. William Senne from Senne acted as the seller's representative. These key individuals played a crucial role in executing the deal.

Players

William Senne

Senné

Broker

$38.5M

vol

12 deals

Broker

Yarraman MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93